Excelsior Correspondent
SRINAGAR, Aug 27: A daylong sensitisation program on Non-Banking Financial Company (NBFC) frauds and implementation of the BUDS Act 2019 was held at Tagore Hall in Srinagar today.
As per a statement, around 100 officers from the Crime Branch Kashmir Zone, CID, Anti-Corruption Bureau, and Prosecution Department, attended the programme organised by the Reserve Bank of India, Jammu, in collaboration with the Crime Branch J&K Police.
The program was inaugurated by Sujit Kumar, IGP Crime Branch, who presided as chief guest and highlighted challenges in tackling financial frauds and the role of stakeholders, especially police in investigations.
Ram Sarup, Deputy General Manager RBI emphasized the supervisory role of regulators and the need for special laws to investigate NBFC frauds.
Officers from RBI and SEBI delivered lectures on various related aspects, with valedictory address given by Abdul Qayoom, DIG Crime Branch, while Laeeq Ahmad, Joint Director Crime Branch, explaining the provisions of the BUDS Act 2019 and the role of the police.
Other officers present included Sudesh Kumari, Assistant General Manager RBI; Abdul Waheed, SSP EOW; Faiesal Qureshi, SSP Staff Officer and Muzaffar Hussain, SSP SCW.
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